Drawing　upon　the　distinctive　context　of　China,　we　have　developed　a　comprehensive　firm-level　climate　risk　disclosure　index　that　encompasses　multiple　dimensions　and　resonates　with　the　prevailing　realities.　Our　findings　reveal　that　firms＇　climate　risk　disclosures　significantly　enhance　their　green　innovation　capabilities,　particularly　for　those　facing　substantial　financial　constraints.　Further　analysis　uncovers　no　notable　differences　in　this　effect　across　various　patent　categories,　while　also　indicating　a　marked　improvement　in　innovation　quality.　Moreover,　our　results　suggest　a　positive　correlation　between　higher　levels　of　climate　risk　disclosure　and　increased　enterprise　value.　©　2024　Elsevier　Inc.